Global Grid-Scale Electricity Storage Technologies Market Report 2021 Featuring Bosch Group, Duke Energy Corp., LG CHEM Ltd., Panasonic Corp., and Samsung SDI
Dublin, Jan. 20, 2021 (GLOBE NEWSWIRE) -- The "Grid-Scale Electricity Storage Technologies: Global Markets" report has been added to ResearchAndMarkets.com's offering.
With increasing demand, increasing long-term cost of fuel, and growing environmental concerns, power companies are reviewing all options. A major debate at this stage is whether to build new generation and transmission installations and the use of new technologies to store electricity. Electrical energy storage has the potential to deliver a variety of benefits, including capital investment delay, energy arbitration, enhanced power quality, and less environmental impact, as well as increased efficiency and cost.
For the past 20 years, the global utility-scale electricity storage (UES) market in the U.S. has been dormant. Over the last decade, annual UES market rates were relatively stable, globally, with a few new facilities in Europe and Asia. Current global trends support substantial investment in new power infrastructure. Grid-sized battery storage technologies are now being developed in conjunction with a growing renewable energy industry, after 10 years of dedicated development.
Regional market breakdowns are shown here for the overall grid-scale electricity storage market but are shown in the full report in terms of market size by capital expenditure for global regions with a selection of leading national markets.
In recent years, the use of plomo-acid electrochemical batteries has decreased with the increasing popularity and advances of other chemicals (lithium-ion and sodium-sulfur). The development of the ultra-battery with lead-acid could recover due to improved storage capacities. Lithium-ion is expected to take the lead as the preferred battery storage grid-scale technology over the forecast period. Lithium-ion batteries (Li-ion) reach a grid-scale, with several manufacturers simply moving beyond the sale of batteries in order to offer integrated storage services for certain applications.
Japan is the leading market for sodium-sulfur (NaS) battery technology after heavy investment into R&D The country has more than 190 NaS installations across the country with a total of 270 MW/1,640 MWh of installed capacity. NaS had some difficulties in the early years, mainly related to overheating, which led to fire outbreaks. As these issues are overcome, installations are expected to grow. Flow batteries are a much less developed technology than standard batteries, but these are beginning to become commercially available.
These five trends form the basis of an emerging boom in grid-scale electricity storage technology development.
These driving trends are:
Growing restrictions on greenhouse gas emissions.
Direct and indirect support for the installation of intermittent renewable sources of power.
Peak power/surge demand-side management and integration of smart grid systems.
Infrastructure expansion needed to support further regional economic development.
Grid investment deferral by utilities.
The Report Includes:
58 data tables and 13 additional tables
An overview of the global market for grid-scale electricity storage technologies
Estimation of the market size and analyses of market trends, with data from 2019, estimates for 2020 to 2025, with projections of compound annual growth rates (CAGRs) through 2025
Explanation of the market dynamics, trends, opportunities, and factors influencing the global grid-scale electricity storage technologies and assessment of latest trends within the industry
Market share analysis of the grid-scale electricity storage technologies based on technology, end-user, service, application, and region
Coverage of investments in research, development, and demonstration projects and detailed description of smart grids and distributed power generation systems
Assessment of regulatory trends and incentives, regional economic development rate, the timetable for implementation, and environmental restrictions of the grid-scale electricity storage technologies
Analysis of the competitive landscape, coverage of recent developments, and current and future demand of grid-scale electricity storage technologies in the global markets
Market share analysis of the key companies of the industry and coverage of their proprietary technologies, strategic alliances, and other key market strategies
Comprehensive company profiles of the leading players of the industry, including Bosch Group, Duke Energy Corp., LG CHEM Ltd., Panasonic Corp., and Samsung SDI Co. Ltd.
Key Topics Covered:
Chapter 1 Introduction
Chapter 2 Executive Summary
Chapter 3 Industry Overview and Structure
Industry Overview
Utility-Scale Electricity Storage
Brief History of Battery Technology
Overall Challenges
Grid-Scale Battery Storage
Utility-Scale Electricity Storage Developers
Engineering and Project Management Contractors
Component Manufacturers and Fabricators
Construction and Procurement Contractors
Raw Materials Producers
Chapter 4 Global Market Outlook
Regional Markets
Prerequisites
Demand
Infrastructure Sufficiency
Global Market Centers
Chapter 5 Market Dynamics
Overall Drivers: Grid-Scale Electricity Storage Technology Market
Rising Energy Prices
Investments: R&D and Demonstration Projects
Renewable Energy Integration
Smart Grids and Distributed Power Generation Systems
Electric Vehicles
Changing National Policies
Deregulating Electric Utility Markets
Overall Challenges: Grid-Scale Electricity Storage Technology Market
Implementing Large-Scale EES
High Capital Costs
Regulatory Challenges
Overall Growth Barriers: Grid-Scale Electricity Storage Technology Market
Conservatism in the Utility Industry
Large-Scale Demonstration Projects
Competition
Environmental Concerns
Energy Loss During Storage
Economic Risk
Drawbacks
Chapter 6 Global Market Breakdown by Technology
Grid-Scale Battery Storage
Lead-Acid Batteries
Lithium-Ion Batteries
High Temperature Batteries
Flow Batteries
Vanadium Redox
Hybrid Flow Batteries
Nickel-cadmium (NiCd) and Other Nickel Electrode Batteries
Metal Air Batteries
New Electrochemical Approach
Other Relevant Utility-Scale Storage Technologies
Pumped Hydrologic Storage
Compressed Air Energy Storage
CAES Heat Storage and Advanced Adiabatic CAES
Other Emerging Grid-Scale Energy Storage Technologies
Chapter 7 Service Market Outlook
Chapter 8 Application Market Outlook
Application Overview
Frequency-Response Reserve
MW-Grid-Scale Electricity Storage
Design Considerations
Load Leveling
Capacity Factor/Dispatch for Intermittent Renewables
Peaking Power Support
Offset of Peaking Power Generation
Offset of Renewable Generation
Economic Benefits
Chapter 9 End-Use Market Outlook
Chapter 10 North American Market Outlook
Industry Trends: North America
Major Industry Players
North American UES Industry
U.S. Projected Trends
Canada: Projected Trends
North American Market Breakdown by Segment
Key Drivers: North American Market
Growth Potential: North American Market
Chapter 11 European Market Outlook
Chapter 12 Asia-Pacific Market Outlook
Overview
Asia-Pacific Market: Projected Trends
China: Grid-Scale Battery Storage Market
Japan: Grid-Scale Battery Storage Market
South Korea: Grid-Scale Battery Storage Market
Australia: Grid-Scale Battery Storage Market
Asia-Pacific: Market Breakdown by Segment
Growth Potential: Asia-Pacific Market
Industry Trends
Major Industry Players
Major Asian UES Industry Factors
Chapter 13 Latin America, Middle East and Africa Market Outlook
Overview
LAMEA Market Projected Trends
Key Drivers: RoW Market
LAMEA: Industry Trends
Major Industry Players
Major LAMEA Grid-Scale Electricity Storage Industry Factors
UES Industry Organizations
Chapter 14 Company Profiles
A123 Systems Llc
ABB Ltd.
AES Energy Storage Llc
Alevo Us
Ambri Inc.
American Vanadium
Amprius
Aquion Energy
Automotive Energy Supply Corp.
Axion Power International Inc.
Bosch Group
Boston-Power
Brightsource Energy
BYD Co. Ltd.
Coda Energy
Duke Energy
Dynapower Energy Management
Ecoult
Electrovaya
Enervault
Ensync
Envia Systems
EOS Energy Storage
Furukawa Battery
GE Energy Storage
Green Charge Networks
Greensmith Energy Management Systems
Hokkaido Electric Power Co. Inc.
Hudson Clean Energy Partners
Imergy Power Systems
JLM Energy Inc.
Johnson Controls
LG Chem
Mitsubishi Heavy Industries (Mhi)
NEC Energy Solutions Inc.
NGK Insulators Ltd.
Outback Power
Panasonic Corp.
Pellion Technologies
Primus Power
Prudent Energy
Quantumscape Corp.
Res Americas Inc.
S&C Electric Co.
Saft Groupe S.A.
Sakti3 Inc.
Samsung Sdi Co. Ltd.
Seeo Inc.
Sharp
Siemens Energy
SK Continental E-Motion
Solar Grid Storage
Solarcity Corp.
Spider9 Inc.
Stem Inc.
Sumitomo Electric Industries Ltd.
Sunverge Energy
Tesla Motors Inc.
Tesvolt Gmbh
Toshiba Power Generation Division
Vizn Energy
Xcel Energy Inc.
Xtreme Power
Younicos Inc.
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